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Private pension funds react to the fines received: Bogdan Chiritoiu decredibilizes the Competition Council / The Council fined 14 companies by 1.2 million euro

de A.C.
Marţi, 17 august 2010, 16:54 English | Top News

14 administrators of private funds were sanctioned with over 1.22 milion euro by the Competition Council for deals that distorted the market. The Council accuses that administrators of private pension funds modified the formula through which those who opted for several pension funds needed to be allocated, Competition Council President Bogdan Chiritoiu declared. The reaction of the administrators was that Chiritoiu expresses personal opinions about issues that have nothing to do with the subject of investigations and this decredibilizes the institution. 

A common press release remitted to by private fund administrators reads that Bogdan Chiritoiu, the Competition Council President expresses personal opinions about aspects that are not related to the subject of investigations and this decredibilizes the institution. There is an obvious lack of information and understanding of the private pensions system in Romania. 

Such declarations, the press release reads, come from a Romanian official and which bring serious prejudices to the private pensions system in Romania

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